The Caperdonich distillery was established in 1897 as a back up to its neighbour, the Glen Grant distillery and became known as Glen Grant No.2. The two distilleries are located across the street from each other at the northern end of the Moraytown village, Rothes. The name Caperdonich translates from Gaelic as "Secret Well" (the Caperdonich burn) and is the source of water for both distilleries. However the whiskies clearly differ, with Caperdonich being lighter and slightly smokier than Glen Grant. It too is a key component of the Chivas Regal Blend. The distillery has had a chequered past – it closed at the start of the twentieth century and remained closed until the distillery was renovated as a new distillery by Glenlivet Distillers in 1965. Two of the original stills, after being shut down for nearly 65 years, were brought back into production and the stills doubled from two to four! 1977 Seagram bought Caperdonich who sold it to Pernod Ricard in 2001. Pernod Ricard mothballed the distillery in 2002. The style of Caperdonich is mild, well balanced and smooth, displaying hints of fruit and smoke.